#数字货币市场洞察 $ZEC $MON Wild On-Chain Move: Super Bear Slams $1.72M Short Against the Trend! Giving Away Money or Digging a Pit?

Just detected a hair-raising on-chain transaction—Hyperliquid’s legendary “ZEC Short Commander” has added nearly $1.72 million to his short position within an hour, right as the price of ZEC keeps surging.

This move is off the charts. Looking back at his position history, he started shorting as early as October, when ZEC was hovering around $180. Now his average entry price has been pushed up to $412. Yesterday, he was sitting on $3.3 million in unrealized profit, but today it’s shrunk to just $300k. In just 24 hours, $3 million in profits vanished—an average trader would’ve cut losses and bailed long ago.

But this whale chooses to double down instead. Either he’s really confident he can withstand the volatility and is averaging down for the long haul, or he’s making moves in a much bigger game. Interestingly, he’s also holding a long ETH position with over $6.22 million in unrealized gains, using profits from one side to hedge the risk on the other—a cross-asset arbitrage strategy that most retail traders simply can’t pull off.

How should retail traders view this drama? Three key reminders:

Don’t blindly copy trades. Their capital and risk management are on a whole other level—trying to imitate could easily lead to liquidation.

Watch key price levels closely. ZEC has formed a clear tug-of-war zone between $410–$420, so expect wild short-term swings—only test with small positions.

Zoom out for the big picture. This whale is shorting multiple assets like MON and ETH at the same time, which shows the overall market is still in a high-volatility consolidation phase. There are opportunities in altcoins, but never neglect stop-loss discipline.

Bottom line: Big money’s moves are exciting, but don’t get swept up in the spectacle. Control your position sizes, stick to your principles, and follow market trends—not individuals—if you want to survive this cycle and capture real opportunities for yourself.

I’m Zhulong, closely tracking on-chain capital flows and market sentiment long-term. Follow me for cool-headed analysis of big money moves and steady strategies for navigating every market swing.